State Regulation of Accounting Practices and Municipal Borrowing Costs

Posted: 18 Jul 2014

See all articles by Earl D. Benson

Earl D. Benson

Western Washington University - Finance and Marketing Department

Barry R. Marks

University of Houston, Clear Lake - School of Business and Public Administration

K. K. Raman

The University of Texas at San Antonio

Date Written: Summer 16, 1984

Abstract

This article examines the association between state regulation of accounting practices and municipal borrowing costs. The results demonstrate that stringent accounting regulations do have an effect on borrowing costs after abstracting the effect of other explanatory variables. The direction of the observed effect is difficult to assess due to presence of multicollinearity in the model. However, lower borrowing costs are suggested by the analysis.

Keywords: State regulation of accounting practices, borrowing costs

JEL Classification: M41

Suggested Citation

Benson, Earl D. and Marks, Barry R. and Raman, K. K., State Regulation of Accounting Practices and Municipal Borrowing Costs (Summer 16, 1984). Journal of Accounting and Public Policy, Vol. 3, No. 2, 1984. Available at SSRN: https://ssrn.com/abstract=2467063

Earl D. Benson

Western Washington University - Finance and Marketing Department ( email )

FMDS Department MS 9077
Bellingham, WA 98225-9077
United States
360-650-3375 (Phone)
360-650-4844 (Fax)

Barry R. Marks

University of Houston, Clear Lake - School of Business and Public Administration ( email )

Houston, TX 77058
United States

K. K. Raman (Contact Author)

The University of Texas at San Antonio ( email )

One UTSA Circle
San Antonio, TX 78249
United States
210-458-8749 (Phone)

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